130 20e Avenue, Deux-Montagnes

Asking Price

$6,995,000

Property Description

Superbe immeuble de 18 logements à Deux-Montagnes, situé à proximité de l’autoroute 640 et du REM. Magnifique immeuble de béton. Immeuble composé de 18 unités de grande qualité offrant des finitions de type condo: 18 x 4.5 dont tous les frais énergétiques sont à la charge des locataires. Emplacement recherché, idéal pour investisseurs à la recherche d’un immeuble moderne et durable. La société détenant l’actif a été spécifiquement créée pour ce projet unique et l’acheteur aura l’option d’acheter la totalité du capital-actions du vendeur.

Highlights

Ideal location: Near the REM + Easy access to highways

High-quality concrete building

Condo-style finishes

Indoor parking

Elevator

Capital spendings in recent years

Construction 2021-2022

Other information

The SELLER does not give any legal warranty of quality to the buyer,

Plenty of storage space

All wiring has been installed for the addition of electric car charging stations.

Location
Building description

General Information

Cadastral number1 975 484

Total Municipal Assessment

Total Municipal Assessment5 077 900 $
Municipal Land Assessment514 900 $
Municipal Building Assessment4 563 000 $

Construction

Number of Storeys4
Type of BuildingIsolated
Type of ConstructionConcrete
Year of Construction2022

Electromechanical System

Fire SystemYes

Parking

Type of ParkingIndoor
Number of Parking Spaces20 places

Area

Land Surface Area1 042,700 m2

Building type

Laundry RoomNo
Washer/Dryer InletYes, in the units
Appliance ResponsibilityOwner
Heating ResponsibilityTenants
Hot Water ResponsibilityTenants
The opportunity may take the form of an asset purchase or a share purchase

Features

PlumbingPEX
Condition of RoofNew
Condition of DoorsAluminium
Condition of BalconiesConcrete
Concierge AgreementNo
Intercom and DoorbellIntercom and a Doorbell
Heating SystemElectric
Hot Water SystemIndependent tanks
Condition of WindowsAluminium and PVC
Condition of KitchensNew
Electrical PanelsCircuit breakers
Exterior SidingBrick; Concrete & Steel
Condition of BathroomsNew
Environmental ReportPhase 1 & 2
Floor CoveringWood, ceramic
Income & Expenses

Revenue

yearly
Residential $415,380
Affordable res.
Commercial
Lockers
Parking
Laundry
Total revenues $415,380
Vac. / Bad debt $12,461
EGR $402,919

Expenses

Calc. yearly
Administration Normalised $20,146
Municipal Taxes Current $45,320
School Taxes Current $3,611
Insurance Current $8,863
Electricity Current $8,855
Heating
Snow Removal Current $3,064
Elevator Current $3,600
Lawn
Structural reserve
Janitor Normalised $7,200
Maintenance Normalised $12,600
Appliances Current $5,400
WiFi Current $1,320
Heat pump
CHMC: Other Costs Normalised $4,029
Ordure Current $5,520
Total expenses $129,528
Net Revenue $273,390

Financing

Maximum loan amount
Financing CAP
Debt coverage ratio
Interest Rate
Amortization
Term

Treasury

Net Revenue
Annual Mortgage Cost
Net cash after mortgage
RETURN ON INVESTMENT
Down Payment
Cash on cash return
Return on liquidity + capitalization
Total yearly return with appreciation of null

Indicators

CPU
388 600 $
GIM
16,8
NIM
25,6
CAP
3,9 %
Rent roll

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Hendrik Lapointe
Hendrik Lapointe
Team Hendrik Lapointe
Senior VP
|
Real Estate Broker, CPA | PMML Partner
514 714-9008 hendrik.lapointe@pmml.ca
Property Photos
The remarks, descriptions, characteristics and financial projections contained in this document are for information only and should not be considered official. The information contained herein comes from sources we believe to be reliable, but for which we cannot guarantee the accuracy. It is the buyer's responsibility to check everything and to declare themselves satisfied or dissatisfied with it during the due diligence process following an accepted promise to purchase.
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